East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause Sells 12,000 Shares

East West Bancorp, Inc. (NASDAQ:EWBC) Vice Chairman Douglas Paul Krause sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the sale, the insider now directly owns 45,403 shares of the company’s stock, valued at $4,840,413.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

East West Bancorp Stock Performance

East West Bancorp stock opened at $106.72 on Wednesday. East West Bancorp, Inc. has a 1 year low of $55.62 and a 1 year high of $107.33. The company’s 50-day moving average is $87.83 and its two-hundred day moving average is $80.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.79 billion, a PE ratio of 13.38, a PEG ratio of 2.97 and a beta of 1.27.

East West Bancorp (NASDAQ:EWBC) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $641.80 million. East West Bancorp had a net margin of 24.96% and a return on equity of 16.07%. During the same quarter in the previous year, the business earned $2.02 EPS. Equities analysts anticipate that East West Bancorp, Inc. will post 8.34 earnings per share for the current year.

East West Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. East West Bancorp’s dividend payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

EWBC has been the topic of a number of research analyst reports. Compass Point lifted their price target on East West Bancorp from $93.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stephens increased their target price on shares of East West Bancorp from $91.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Barclays lifted their price target on shares of East West Bancorp from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their target price on East West Bancorp from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Wedbush raised their price target on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.25.

Hedge Funds Weigh In On East West Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWBC. Capital Performance Advisors LLP acquired a new stake in shares of East West Bancorp in the 3rd quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in East West Bancorp in the second quarter worth $30,000. UMB Bank n.a. boosted its position in shares of East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 283 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of East West Bancorp in the 2nd quarter valued at $31,000. Finally, Signaturefd LLC increased its position in shares of East West Bancorp by 490.1% in the 2nd quarter. Signaturefd LLC now owns 537 shares of the financial services provider’s stock valued at $39,000 after buying an additional 446 shares in the last quarter. Institutional investors own 89.53% of the company’s stock.

About East West Bancorp

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.